U.S. companies operating in China earn hundred of billions of dollars a year whereas Chinese companies make only 26 billions a year in U.S. Who benefits more?
Comment that is among Editor’s Picks in FT
And don’t forget that the Chinese lend the money (at really low rates) to the Americans to buy Chinese goods.
Think about these points when next Trump or US biz leaders complain of Chinese stealing US technology or forcing US cos to share “secrets”.
Thoughts of a Cynical Investor 
Well just follow the money. US small caps, mid caps & tech are continuing to do well. Likely to print higher highs & all time highs into the end of the year. Asian stocks (including Singapore) will continue to struggle unless there’s some backroom deal struck.